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Matt Babcock of Wolters Kluwer on how digital transformation continues to gain steam in auto financing
Matt Babcock, who heads up digital lending product strategy for Wolters Kluwer, returned for another visit on the Auto Remarketing Podcast. Wolter Kluwer recently released its latest quarterly Auto Finance Digital Transformation Index. Babcock recapped the sustained upward trajectory the ... Listen Here
SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here

RISC extends waiver of membership-education subscription fees through July 1

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SubPrime Auto Finance News Staff
After nearly two months of COVID-19 related ordinances and regulations, RISC acknowledged the repossession industry has not opened up in all areas, continuing to pressure recovery agency owners and their staff financially.  RISC wants to support agents during this crisis ... [Read More]

Credit Acceptance CEO credits workforce for navigating COVID-19 thus far

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SubPrime Auto Finance News Staff
After being delayed because of the coronavirus pandemic, Credit Acceptance Corp. plans to return from Memorial Day weekend and share its first-quarter results on Wednesday.   Earlier this week, the subprime auto finance company gave a glimpse of how it’s ... [Read More]

Resource Hub

Best Practices, Ideas, and Tools for Business

Turning Dealer Group Data into Demand

Stop letting messy data hold your dealership back from its true earning potential. While many multi-roof dealer groups struggle to...
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Evaluating VPP Cancellation Systems: 7 Questions Every Lender Should Ask

Selecting the right VPP cancellation system is critical to maintaining compliance, maximizing recoveries, and improving operational efficiency. As regulatory requirements...
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Auto lenders spent on AI. Here’s what paid off.

A panel of auto-lending leaders — CEOs of subprime auto finance companies, VPs of Collections, CROs, indirect-lending executives at two...
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Experian Automotive Dealer Fraud Threat Report

Fraud is Hitting Dealerships Hard When one bad deal can erase tens of thousands in profit, fraud becomes impossible to...
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AI-Financing Spotlight: How Tracy Honda Sells 12-15 More Deals Monthly

Discover how Tracy Honda is outperforming its market by leveraging AI-powered auto financing to drive faster approvals and close more...
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The AI Dealer Playbook: 5 Questions to Ask Before You Buy AI

Artificial intelligence is rapidly reshaping dealership operations by automating communication, improving workflows, and supporting staff with tools like copilots and...
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Speaking the Same Language: How Dealers Structure Capital for Real Estate and Growth

Why Capital Structures Matters in Today’s Market Dealers actively expanding or acquiring real estate are often constrained not by opportunity—but...
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Dealer Playbook: 5 Takeaways for Auto Retailers Using AI

The May issue of Auto Remarketing — “Shifting Gears: AI’s Role in Retail Automotive” — explores how top auto retailers...
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Auto defaults drop to 10-year low even as jobless claims approach 39M

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Nick Zulovich, Senior Editor
For the second month in a row, the auto-finance portion of the S&P/Experian Consumer Credit Default Indices for April dropped to the lowest level in 10 years, even as the U.S. Department of Labor said another 2,438,000 workers made initial ... [Read More]

ANALYSIS: Examining Top 8 collateral-recovery challenges

problems and solutions
Joel Kennedy, NAF Association
Editor’s note: This commentary is the second in a series compiled by Joel Kennedy, who is the current president of the National Automotive Finance Association and board adviser at TruDecision, looking at the intricacies of repossessions and recovery. The first segment ... [Read More]

Launcher rolls out origination solutions tailored for credit unions

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SubPrime Auto Finance News Staff
LAUNCHER.SOLUTIONS (Launcher) entered the credit-union world on Tuesday to offers a solution the company believes can work exceptionally well in both the prime and the subprime market with regard to risk assessment and complex workflows. The technology provider specializing in ... [Read More]

F&I Providers Relief Fund strives toward $1M goal as need grows

fund logo for web
SubPrime Auto Finance News Staff
Personnel within one of the most important dealership departments still need help as the coronavirus pandemic continues. Organizers of the F&I Providers Relief Fund for F&I managers have raised more than $500,000 in only about a month — half of ... [Read More]

SCUSA reaches $550M settlement with 33 states over subprime paper

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SubPrime Auto Finance News Staff
On Tuesday, Santander Consumer USA Holdings finalized a voluntary settlement topping $550 million with 33 states and the District of Columbia that alleged that contracts that the finance company funded through certain dealers dating back to 2010 violated consumer protection ... [Read More]

Location Services adds 2 new executives to management team

Location Services headshots for web
SubPrime Auto Finance News Staff
Location Services made two significant additions to its senior leadership team on Tuesday. The provider of loss mitigation solutions for the financial services industry brought on Jose Delgado as chief client officer and Mohit Mahajan as chief information officer. Delaware ... [Read More]

KBRA leverages latest ABS data to estimate payment frequency

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SubPrime Auto Finance News Staff
Kroll Bond Rating Agency (KBRA) used the research for its latest auto-finance securitization indices to gauge the volume of both prime and non-prime retail installment contract holders maintaining their payments, at least for the March recording period. At least for ... [Read More]

Consumer complaints to CFPB hit record volume during pandemic

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SubPrime Auto Finance News Staff
Consumer Financial Protection Bureau director Kathleen Kraninger had a busy public agenda last week, sharing remarks at National Association of Realtors 2020 legislative meetings as well as the public meeting of the Financial Literacy and Education Commission, along with a ... [Read More]

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